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Radford Products adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the
Radford Products adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of January is available. Units started in January Units completed in January Work in process, January 1 (25% complete with respect to conversion) Work in process, January 31 (40% complete with respect to conversion) Required: 890,000 914,000 96,000 72,000 a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Equivalent Units Conversion a. Using the weighted-average method b. Using the FIFO method Materials Costs
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